JSC Transholdleasing signed a loan agreement with Vnesheconombank providing for a RUB 27.62 billion (EUR 437 million) credit facility maturing in December 2030. The credit line opened by Vnesheconombank will enable Transholdleasing to fund in full the procurement and to grant a lease of cars produced by Metrowagonmash to the Moscow Metro.
Funds were raised to perform the supply contract for 664 cars delivered to the Moscow Metro over 2014-2016. The rolling stock was manufactured by Metrowagonmash, part JSC Transmashholding, and the Holding’s Competence Center ‘Metro Car Building’. Under the contract, the manufacturer is to supply the car maintenance during the complete car life cycle of 30 years.
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